We investigate the impact of social media messages on nonprofessional investors' assessments of management credibility and firm value. In a 2 x 2 x 2 between participants experiment with 276 participants recruited from Amazon Mechanical Turk, we examine the joint effect of social media message...

Purpose: The purpose of this paper is to examine how publicly available accounting risk metrics influence the aggressiveness of managers’ discretionary accounting decisions by making those decisions more transparent to the public. Design/methodology/approach: The experiment used a 2 × 3...